@chillam - I'm definitely not selling. I'm comfortable with my research and position (well actually I will probably buy more at these prices). So happy to see short term weakness. Doesn't bother me one bit at all. As every month goes on, the business gets less risky and has less net debt. When I feel I need a bit of a laugh I come and read the thread here.
I also don't need to find out how every specific App that gets launched goes. I understand the law of numbers and averages. I understand financials. I understand the concept of breakeven. I don't expect all the apps to work. There are very minimal costs to launch them as the historical investment in the platform has already been made and the one platform supports them all.
I don't need to know how many red cars or blue car or green cars a particular car manufacturer sells. I'm just happy to know how many cars they sell in total, what the growth is compared to historical totals and what the total revenues are.
People want a quick spike in price. I'm not fussed. I'm patient. I'm not a trader. My best listed investment return took me about 6 or 7 years to make. But it was something like 43x my money, so I'm not that concerned about the time or the exact return. I was happy. And in my perspective it was fairly low risk. (Also a bit of luck involved as I got in early and almost got the top). I'm definitely NOT suggesting that CM8 will deliver the same kind of return, but in my opinion I do think it will be multiples of current prices.
If people want to sell - let them. If people couldn't be bothered doing research then that is their problem - not mine. Everyone is entitled to their own opinion - although sometimes I wish the broken records would stop (especially when they clearly don't understand a lot about the business).
Regards
Marv
DISCLOSURE: I hold plenty of CM8.
